Oil Africa 2008
Posted: 15 January 2008
Oil Africa will take place at the Cape Town Convention Centre from 17 to 19 March 2008
Africa’s growing role in oil exploration and production was the key theme of the 14th annual Africa Upstream conference in Cape Town in October.
The upcoming Oil Africa conference and exhibition in March 2008 will build on this by highlighting the opportunities for South Africa and Africa to localise supply to the oil, gas and petrochemical sector.
Jack Holliday, an independent energy advisor based in Cape Town, said that the Africa Upstream conference, which attracted more than 400 high level delegates, aimed to identify exploration and production.
Significant emphasis was placed on Africa’s emergence as a key world supplier of both crude oil and natural gas at the recent Africa Upstream conference.
Holliday reported that Africa’s production was expected to grow from its present 6 mmbls/day to about 14 mmbls/day by 2030, requiring an investment of over 275 billion dollars US (IEA).
"All of Africa needs to gear itself to benefit from this expenditure," he said. "Significant improvement in infrastructure has occurred in Angola in line with the growth of the oil sector in that country, for example.
"It is critical that South African industry maintains the momentum that will secure our future as a key player in the African oil and gas sector. This will be the strong message that comes through in Oil Africa 08, to be held in Cape Town in March."
The South African Oil and Gas Alliance (SAOGA), is coordinating the approach of South African companies to the opportunities and significant progress has been made with the recent commissioning of the Saldanha Bay fabrication facility and the ever increasing flow of drilling rigs passing through the Cape Town harbour for refurbishment.
The announcement by PetroSA of its intention to build a 200 000 bbl/day refinery at Coega and Forest Exploration International (SA)’s plans to develop the offshore Ibhubesi field north of Saldanha Bay indicate the growth anticipated by the industry.
The theme of the 3rd Sub-Saharan Oil and Gas conference and exhibition, Oil Africa 2008, Managing change in the African oil and gas industry, is opportune as Africa’s oil industry starts booming and high oil prices look set to continue.
The conference and exhibition in Cape Town will focus on Africa’s and, more specifically, South Africa’s willingness and ability to meet the growing demand associated with the industry.
Not only will the exhibition demonstrate existing capacity, but future needs such as training and infrastructure development will be raised. Participants will also be brought up to date on Asia’s growing role in the African oil industry.
Sonangol, Russian and Chinese oil and gas producers and suppliers to the industry will be exhibiting at Oil Africa 2008 for the first time.
Oil Africa will take place at the Cape Town Convention Centre from 17 to 19 March 2008.
"The opportunities are there," said Holliday. "Those who do their homework will benefit."
Posted by Richard Price, Editor, EnergyME.com
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